The urban renewal is expected to complete investments of 15 trillion yuan.

The "14th Five-Year Plan" for Urban Renewal has identified 23 key tasks, focusing on cultivating and strengthening new driving forces for urban development, promoting a green and low-carbon transformation of urban development, and enhancing urban safety and resilience. During the "14th Five-Year Plan" period, urban renewal is estimated to complete an investment of 15 trillion yuan. Firstly, government funding for urban renewal continues to increase. This year, a special allocation of 97 billion yuan for urban renewal has been arranged in the central budget, with an additional 160 billion yuan from long-term special treasury bonds specifically supporting the construction of underground utility networks. Secondly, social capital is actively following up. Projects like the renewal of neighborhoods, industrial areas, and parks, which can achieve stable returns through specialized operations, will see active participation from social capital. Bank credit, real estate investment trusts, and asset securitization tools will further enrich the sources of funding; ordinary residents are also a key participant, with projects like installing elevators in old walk-up buildings and self-renovating dangerous and dilapidated houses operating on the principle of "who benefits, who funds," making residents' self-financing essential.